Kongsberg Gruppen Asa (NSKFF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of Kongsberg's first quarter 2025 results. Today's presentation will be given to you by President and Chief Executive Officer Geir Haug, as well as Executive Vice President and Chief Financial Officer Mette Toft-Bjørgen. This is a webcast only presentation and questions may be submitted through the webcast frame. If journalists who are requesting interviews with the management after the presentation are requested to contact the head of communications, Ronny Lee. And with that, I want to welcome Geir Høy to the stage. Yes, thank you, Jan-Erik, and good morning, everyone. Kongsberg operates in a rapidly changing world. This requires us to be both agile and adaptable. In 2025, uncertainty around international framework conditions have placed challenges on international trade. This demonstrates the importance of cross-border cooperation and a global footprint. Today, we are presenting the first quarter results, but I think it is important to remind everyone that we have a long-term focus with high ambition. At our Capital Market Day last year, we stated an ambition that we aim for at least 120 billion revenues in 2033. The uncertainty we are experiencing today is a reminder that during such a long period, we will experience changing conditions. The current environment creates uncertainties for most companies. However, our job as management is to handle short-term turmoil and at the same time navigate towards our long-term ambition. Despite the current turmoil, I am confident on our long-term trajectory. Maritime transportation is the backbone of global trade. More than 80% of the world's goods are transported by sea. This underlines its unique importance in global logistics. Maritime activities currently account for around 3% ...